Spanish Colonial.
This uniface cast bronze (copper) piece signals the start of specifically
Philippine coinage under Spain. It is inscribed at the center with the
royal seal of the City of Manila, dated 1728 (perhaps its first year of
issue) and labelled "BARILLA" (a name carried over to today's bariya meaning
small change which it probably was at that time). This early form of coinage
was most likely used to remedy the dire shortage of fractional coins and
circulated with similar such coins from Spain. It appeared in different
sizes and weights and was mostly used for petty transactions. Soon to follow
were other forms of minor coinage (mostly in copper) known as ochavos,
cuartos, 2 cuartos and 4 cuartos which were farmed out for manufacture
to local Chinese contractors under government supervision. |
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